AfriTin Mining Ltd - tin mining company which operates the Uis tin mine in Namibia - For the year ended February 28, annual ore processed rises 55% to 543,601 tonnes, allowing tin concentrate output to rise 70% to 804 tonnes, and also being 12% above nameplate capacity.
"The company ended the year in a strong financial position that will allow for the rapid deployment of the various growth initiatives, including expanded exploration, metallurgical test work on by-product extraction, specifically lithium, ore sorting test work and development of regional mining licence areas, that will be rolled out over the course of 2022," says Chief Executive Officer Anthony Viljoen.
Current stock price: 7.51 pence, down 11%
12-month change: up 28%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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